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Family Dollar 701 N 5th St 9,180 SF Retail Building Estancia, NM 87016 $619,994 ($67.54/SF) 10% Cap Rate

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Investment Highlights

Double Net (NN) Lease | Minimal Landlord Responsibilities
Recently Extended Primary Term Proving Commitment to the Site
3,911 VPD on 5th Street

Additional Vacant Land North of Paved Parking Lot
Located in an Opportunity Zone!
Essential Retailer | On Main Thoroughfare

Executive Summary

Fortis Net Lease is pleased to present this 9,180 SF. freestanding Family Dollar store located in Estancia, New Mexico - located in an Opportunity Zone in the Albuquerque Market! The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. Tenant is responsible for HVAC system. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed, which holds a credit rating of “BBB”, which is classi?ed as Investment Grade. The store is currently open and has been operating successfully since July 2008.
This Family Dollar is highly visible as it is strategically positioned on 5th Street which sees 3,911 cars per day. It is conveniently located on the main thoroughfare through town, next to the High School & across the street from Estancia Municipal Airport. The 10 mile population from the site is 3,029 while the 3 mile average household income is$46,605 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. List price re?ects a 9.23% cap rate based on NOI of $59,978. Owner is a licensed New Mexico Real Estate Broker.

Family Dollar - NM - Estancia

Property Facts

Sale Type

Investment NNN

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,180 SF

Building Class

Year Built

2007

Price

$619,994

Price Per SF

$67.54

Cap Rate

10%

NOI

$61,999

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

1.00 AC

Opportunity Zone

Yes

Parking

30 Spaces (3.27 Spaces per 1,000 SF Leased)

Frontage

115’ on Nm-41 Hwy

Pylon Sign

Major Tenants

Retailer
9,180 SF
$8.16
Triple Net
Jun 2028

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.